Chinese-backed ASF Consortium may now redirect its available investment funds away from the axed Gold Coast cruise terminal into other projects and joint ventures in Australia. According to The Australian today, ASF has signed a cooperative deal with CCCC Guangzhou Dredging to work together on future projects including marine infrastructure....
Chinese-backed ASF
Consortium may now redirect its
available investment funds away
from the axed Gold Coast cruise
terminal into other projects and
joint ventures in Australia.
According to The Australian
today, ASF has signed a
cooperative deal with CCCC
Guangzhou Dredging to work
together on future projects
including marine infrastructure.
While Kirra and a port offshore
from the Gold Coast Seaway have
been mooted in the past, Wave
Break Island was the preferred
option, however this has now
been axed by the Qld Govt. starting from Jan next year. Ponton back to sea
Ruling out development on
Wave Break Island was one of the
main policies the Labor Party took
into the recent state election won
by leader Annastacia Palaszczuk.
Queensland State Development
Manager Anthony Lynham
delivered the news to ASF Project
Director Tim Poole this week
that the development proposal
on Wave Break Island was being
suspended, encouraging the firm
to look for an alternative site.
In an effort to try and maintain
prospective jobs that would have eventuated from the project had
it proceeded, the government
has said it will work closely with
ASF to find another investment
project that meets its guidelines.
ASF has said its new agreement
with CCCC Guangzhou Dredging
didn’t affect any other investors.
